Ngw Receives Offers But Ipo Still An Option

摘要

The first round of bidding for National Grid Wireless (NGW), the UK transmissions firm that operates half of the UK's terrestrial television networks, opened this week. One executive familiar with the situation said that parent company National Grid was now "quite seriously going ahead with a sale", and had received bids from investment companies thought to include KKR, Texas Pacific and Goldman Sachs. But there are doubts as to whether a private sale would offer National Grid the same return as a flotation and the company is understood not to have ruled out the alternative option of an initial public offering. When National Grid first outlined its intention to demerge NGW through an IPO, analysts valued it at up to ￡3.4 billion (NMM November 24, 2006).